City based real estate firm Kumar Urban development Limited (KUL) has planned to invest Rs 250 crore to develop over 200 shops commercial spaces in the city.
These shopping complexes will come up at city areas like Balewadi Hinjewadi (KUL Ecoloch Town Square), Bibewewadi (KUL Plaza), and the Baner-Pashan Link Road (KUL Symphony Plaza) and KUL Square in Kondhwa.
“All these shopping facilities, being part of the existing or upcoming residential zones, will cater to the specific shopping needs of the people living there,” said Kruti Jain, director, Kumar Urban Development. The maximum number of 140 shops will be accommodated at KUL Plaza, Bibewewadi, KUL Ecoloch Town Square will have 65 shops. KUL focuses on residential and commercial development in cities like Pune with presence in Mumbai, Bangalore, Hyderabad, Panchgani and Nagpur. Its projects span across affordable, mid-segment and luxury homes to commercial and retail complexes, apart from IT complexes and SEZ.
